Investment framework and opportunities in Panama

Procedures Relative to Foreign Investment

Freedom of Establishment: Guaranteed
Acquisition of Holdings: Majority holding interest in the capital of a company in Panama is legal. However, all foreign investors must obtain a work permit from the Ministry of Employment.
Obligation to Declare: The foreign investment promotion agency in the country enables one to be informed of the authorizations required to set up.
Competent Organisation For the Declaration: Panama Chamber of Commerce (Spanish only)
Requests For Specific Authorisations: Some importation conditions (e.g. imports exempt of custom duty) or certain merchandise requires prior authorization from relevant Ministries. Amongst the merchandise, preliminary formalities specifically relate to equipment for the oil industry, household appliances, cars and naturally, products for human consumption for which one needs to obtain different registrations, in addition to a sanitary registration.

Investment Aid Agency: Business Panama
Tenders, Projects and Public Procurement: Tenders Info, Tenders in Panama
Inter-American Development Bank, Tenders in South America
Globaltenders, Tenders & Projects from Panama
DgMarket, Tenders Worldwide
Other Useful Resources: Invest in Panama & Offshore - Panama Offshore Services

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